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by salmonfamine
2184 days ago
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I think we're encountering a fundamental conflict between an unregulated free market and a digital economy that doesn't have any notion of scarcity or cost. The old paradigm just doesn't fit. And the result is that a handful of tech employees and billionaires can wield outsized influence over the dominant media channels and public forums of the entire world without any democratic input or regulatory oversight. The fact that anyone on the so-called Left supports the rights of these corporations to wield that influence by appealing to laissez-faire principles -- ("they're private companies, they can do what the want!", "If you don't like Twitter's policies you can go start your own site!") -- is mind-boggling. I think we need social media to operate as a non-profit like Wikipedia, and I think drastic action is the only way to do so. Building alternatives won't work. A for-profit model is just not compatible with the nature of social media. |
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> And the result is that a handful of tech employees and billionaires can wield outsized influence over the dominant media channels and public forums of the entire world without any democratic input or regulatory oversight.
This is probably the biggest threat to democracy, and to 90% of the population